reversing summary judgment where CFO's financial projections contradicted internal forecasts of losses
Summary of this case from In re Advance Auto Parts, Inc. Sec. Litig.Nos. 95-15839, 95-16819
Argued and Submitted June 11, 1996 — San Francisco, California
Filed September 11, 1996
[EDITORS' NOTE: PAGES 1376-1392 CONTAINED THIS OPINION WHICH WAS REMOVED FROM THIS VOLUME BY ORDER OF THE COURT AND MOVED TO 102 F.3d 1478]
reversing summary judgment where CFO's financial projections contradicted internal forecasts of losses
Summary of this case from In re Advance Auto Parts, Inc. Sec. Litig.In Provenz, the Ninth Circuit reversed the district court's grant of summary judgment for defendants on a number of claims, including a claim that statements by a company executive on a conference call to analysts were misleading in light of his failure to disclose certain internal projections.
Summary of this case from In re Cirrus Logic Securities LitigationFull title:DIANE PROVENZ; AHIKIM EIZENBERG, Plaintiffs-Appellants, v. ROBERT C…
Court:United States Court of Appeals, Ninth Circuit
Date published: Sep 11, 1996
On the other hand, companies have a duty to disclose internal forecasts "made with . . . reasonable…
Provenz v. MillerPage 1376w 95 F.3d 1376w (9th Cir. 1996)Diane PROVENZ; Ahikim Eizenberg, Plaintiffs-Appellants,v.Robert C.…